CSW Industrials, Inc. (NASDAQ:CSWI) Receives $379.00 Average Price Target from Brokerages

CSW Industrials, Inc. (NASDAQ:CSWI) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $379.00.

A number of research firms have issued reports on CSWI. The Goldman Sachs Group cut their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company cut their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Truist Financial began coverage on CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price on the stock. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Citigroup cut their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th.

CSW Industrials Price Performance

Shares of CSWI opened at $291.01 on Tuesday. The firm has a market cap of $4.88 billion, a P/E ratio of 34.77 and a beta of 0.80. The stock has a 50 day simple moving average of $331.80 and a two-hundred day simple moving average of $359.66. CSW Industrials has a 1 year low of $221.10 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, equities analysts anticipate that CSW Industrials will post 8.49 earnings per share for the current year.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is currently 11.47%.

Insider Activity at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the sale, the chief executive officer now owns 49,698 shares of the company’s stock, valued at $19,371,286.44. The trade was a 1.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Don Sullivan sold 1,965 shares of CSW Industrials stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the sale, the executive vice president now directly owns 30,804 shares in the company, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,448 shares of company stock valued at $3,543,172. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On CSW Industrials

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in CSW Industrials by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after purchasing an additional 29,488 shares in the last quarter. State Street Corp raised its position in CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Geode Capital Management LLC raised its position in CSW Industrials by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock valued at $138,983,000 after purchasing an additional 4,899 shares in the last quarter. Northern Trust Corp raised its position in CSW Industrials by 5.6% during the 4th quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company’s stock valued at $76,789,000 after purchasing an additional 11,465 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in CSW Industrials by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company’s stock valued at $73,079,000 after purchasing an additional 661 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.